First Trust Senior Floating Rate Income Fund II
FCTFinancial Services · Stock · monthly payer
$9.58
Add to PortfolioForward Yield
12.15%
Annual Dividend
$1.16
Payout Ratio
179%
5-Yr Growth
-1.6%
Ex-Date
Jun 1, 2026
Frequency
Monthly
FCT Dividend Safety Score
Borderline
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Is FCT a good dividend stock?
MixedFirst Trust Senior Floating Rate Income Fund II (FCT) pays a monthly dividend yielding 12.15% ($1.16/yr), with 3 years of growth and a dividend-safety grade of C. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.
Advantages
Risks
- Cut its dividend in 2022
- Elevated payout ratio (179%)
- Dividend has been shrinking, not growing
- Very high yield can signal elevated risk
- Share price is down over the past 5 years
Key Data
- Dividend Yield
- 12.15%
- Payout Ratio
- 179%
- Annual Dividend
- $1.16
- 5-Yr Avg Growth
- -1.6%
- Ex-Dividend Date
- Jun 1, 2026
- Years of Growth
- 3
- Frequency
- monthly
- Beta
- 0.31
- Market Cap
- $248.9M
- P/E Ratio
- 14.7
- 5-Yr Total Return
- -25%
- 52-Week Range
- $9.40 – $10.29
- Dividend Safety
- C · 56/100
- Ever Cut?
- Yes (2022)
Frequently Asked Questions
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Jun 1, 2026 | — | $0.0970 | regular |
| May 1, 2026 | — | $0.0970 | regular |
| Apr 1, 2026 | — | $0.0970 | regular |
| Mar 2, 2026 | — | $0.0970 | regular |
| Feb 2, 2026 | — | $0.0970 | regular |
| Jan 2, 2026 | — | $0.0970 | regular |
| Dec 1, 2025 | — | $0.0970 | regular |
| Nov 3, 2025 | — | $0.0970 | regular |
| Oct 1, 2025 | — | $0.0970 | regular |
| Sep 2, 2025 | — | $0.0970 | regular |
| Aug 1, 2025 | — | $0.0970 | regular |
| Jul 1, 2025 | — | $0.0970 | regular |
| Jun 2, 2025 | — | $0.0970 | regular |
| May 1, 2025 | — | $0.0970 | regular |
Income Calculator
At $1.16 / yr per share
